UAE Dirham Stablecoin DDSC Wins Central Bank Approval to Partner With VARA Exchanges

DDSC, a UAE dirham-backed stablecoin developed by International Holding Company, First Abu Dhabi Bank, and Sirius International Holding, received Central Bank of the UAE approval on July 3, 2026 to partner with selected exchange platforms regulated by Dubai’s Virtual Assets Regulatory Authority. According to BeInCrypto, the approval enables users to access, buy, and redeem DDSC through compliant exchange channels, expanding distribution beyond institutional settlement on ADI Chain. International Holding Company said DDSC has processed more than AED 150 million in transactions since launch, including an AED 110 million transfer on ADI Chain in May 2026.